Acclaim Resources
offers specialized resources to service your specific needs
through direct service agreements or independent resourcing. Our
wide range of AML, Credit, Regulatory, and IT services include,
but are not limited to:
management and/or sourcing of regulatory specialists
documentation reviews and look backs
transaction monitoring analysis
cost
efficiency assessments
automation & outsourcing evaluations
software
implementation support
staffing
services - Temporary and Permanent
All services offered through Acclaim Resources are customized to
meet each client's specific requirements. Below are our main
areas of focus and selected examples of their related services:
BSA/AML & OFAC Compliance
Design
and development of BSA/AML & OFAC compliance programs and
all related monitoring and control procedures
Look
backs, reviews, and analysis of transactions, transactional
patterns, and related account/customer information
Review
and analysis of account holder documentation and supporting
CIP information and associated processes and controls
Review
and analysis of system parameters used and related controls
applied within various BSA/AML & OFAC monitoring systems
Risk
based Analysis and Risk assessments
Loan Compliance
Look
backs, reviews, and analysis on funded residential and
commercial loans to ensure loan program underwriting
guidelines were followed and confirm required documentation
was obtained and evaluated as required
Analysis
of funded loans, as well as loans in the pipeline, to ensure
compliance with all Patriot Act requirements, Federal
Regulations, including Regulation Z and Predatory Lending
laws, and verification of proper HMDA reporting
Analysis
of appraisal reports on the loan collateral to ensure
adherence to USPAP Standards
Control & Efficiency
Analysis
of processes, controls, and related Policies & Procedures to
ensure compliance with all banking Federal/State
Requirements, including BSA/AML
Analysis
of current operational workflows and/or project plans to
highlight potential risks and/or denote possible efficiency
and control enhancements
Assessment of human and technical resources to ascertain
level of quality and effectiveness
Address
special issues or situations with viable recommendations on
workflow adjustments, increased efficiency, and control
process for the mitigation of risk
Project
Experience & Specialization
IT Automation, Conversion & System Implementations
Provision of expertise from both the Operational and
Technical perspectives to facilitate implementation and/or
software and data conversion projects
Feasibility studies and definition of software enhancement
specifications
Evaluation of current processes and controls and
determination of automation possibilities and its related
benefits and risks
Documentation of specific client requirements and assistance
in the evaluation of software and/or service providers (RFI's,
RFP's)
Performance of cost benefit analysis on software products
and services
Determination of resources and data requirements for
reaching client's automation objectives
Evaluation and documentation of critical software parameters
and data elements for validation/recording of compliance
processes and controls
Documentation of workflows and application utilization as it
applies to the client and user
Service Agreements
Acclaim Resources provides managed groups/teams of
resources specialized in regulatory compliance,
integrity/controls, automated monitoring/banking systems, and
finance. Our approach focuses on the most efficient and cost
effective solution for your organization.
Service Agreements provide project and resource management
support for both on‐demand projects and the outsourcing of
compliance tasks. Specialized teams of qualified professionals
provide the knowledge and background needed to support from the
simple to complex projects as deemed required. Client
engagements have ranged from small Money Services Businesses, to
major international and domestic institutions. Acclaim
Resources' experience in project management and resources have
provided services to institutions with proactive approaches to
their compliance needs, as well as those striving to comply with
regulatory orders or audit exceptions. These projects have
ranged in resource assignment from as small 2, to as large as
30. At Acclaim Resources, we have the background to support the
demands of today and tomorrow.
Independent Resourcing
Acclaim Resources provides both Temporary or Permanent
resources to address specialized needs of the client. With the
capacity to assess regulatory Compliance experience and
pre‐qualify, we refer only prescreened/pre-qualified candidates
who have the specific background and experience needed.
Our pricing is competitive and arrangements for the right
resources can be structured to meet both needs and budget.
